The sustainable economic value of Electric ProductsThe valuable physics-based services that may be provided to ... provided by merchant or private Energy ResourcesA universal term for all technologies that provide one or se... to support secure, efficient PowerElectrical represents rate at which Energy is transferred th... SystemA set of Components that are formally related together by a ... operations and/or defer or avoid system augmentation.
The value that Electric Products provide the GridA generic term used to describe either the Power System as a... varies temporally and spatially. In general, their financial value will increase where provision is highly correlated with the needs of the Power System at a given time, geographic segment and/or vertical Tier/LayerThe vertical layers of a GW-scale Power System including the..., all of which vary dynamically.
As Power SystemsA critical societal System that, in the case of GW-scale gri... experience increasing VolatilityThe propensity of rapid and/or unpredictable change, especia... and the types and locations of Energy Resources evolve, advanced forms of Operational CoordinationThe systematic operational alignment of Utility assets and n... will be needed to strengthen this correlation in a manner that enhances the dynamic provision of:
- Electric Products: The required ‘3Rs’ physics-based service(s): Real PowerMeasured in MW, is the component of electrical Power that is..., Reactive PowerMeasured in MVAR, sustains the electrical field in Alternati... and ReservesMeasured in MegaWatts (MW), represents contracted commitment...;
- Timing: At the right time: days, hours, minutes, seconds, microseconds; and,
- Location: At the right geographic segment or vertical Tier/Layer of the Power System.